Wednesday, 25 February 2015 19:41

Who Needs Financial Education? Featured

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Everyone.

Of course, we’re a little biased. But money is everywhere and everyone should know how to interact with it. As debt to China continues to rise and our ceiling continues to rise with it, money issues become both more pressing and more relevant than they have ever been. Students deserve to be fully equipped with the knowledge to navigate an increasingly complex and globalized economy.

doughmain financial education

Financial literacy must be taught because finance is a topic central to every student’s life. A student’s financial knowledge may affect whether or not the student thinks about college as a long-term investment, how responsibly that student manages his or her day to day costs, and how prepared he or she is to pay for major expenses, such as an education, car, or home. Students with a fundamental financial education background are more likely to practice financial responsibility by saving money, paying off credit card bills, and thinking like a critical consumer.

However, many parents are uncomfortable talking with their children about financial issues. A majority of teachers report that they would not feel comfortable teaching financial topics in the classroom. Thus, it is imperative that we provide teachers and parents with the knowledge and resources to help make our youth financially literate. And, if we are able to educate this generation of young people in financial matters, perhaps today’s young people will be more inclined and more able to pass on its knowledge to tomorrow’s youth.

Read 4054 times Last modified on Thursday, 28 July 2016 14:07

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